Budgetary Priorities in Georgia: Expenditure Dynamics since the Rose Revolution

This paper focuses on the most significant fiscal changes since the “Rose Revolution” in Georgia, such as the state’s increased revenue-collecting capacity as a result of the adoption of the new tax code in 2004. The paper also discusses the challenges of the Medium-Term Expenditure Framework (MTEF) process to increase efficiency and transparency and create more results-oriented policies. Based on approved budgets and subsequent amendments and fulfillment reports, the paper presents Georgia’s expenditure policy priorities.